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Diagnosis: over budget
Submitted by markjohnson on 2009-11-13 07:29The health insurance plan for North Carolina state employees is still paying out more claims than budgeted for the first three months of the fiscal year.
Lawmakers received State Health Plan data Thursday showing paid medical claims are 4 percent higher than expected through Sept. 30. That's better compared to an 8 percent increase through August.
Plan leaders attribute higher payouts to patients going to the doctor before higher payment schedules took effect July 1. Chief financial officer Mona Moon said she's waiting for more figures to determine whether expense levels will come down. (AP)
State health plan needs cash
Submitted by ryanteaguebeckwith on 2008-12-26 10:07
The state health plan is nearly broke.
The plan, which covers teachers and state employees across North Carolina, needs an immediate $300 million cash infusion.
Directors of the plan have started operating under emergency measures, delaying $45 million in payments to key vendors until after the legislature convenes in January.
But that patch will keep the plan in the black only until March or April.
The plan's chief financial officer said that the system will need an additional $500 to $550 million over the next two years to keep it running unless benefits are changed. (AP)
